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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Offer on a house that is scheduled for auction Posted by You're wrong! on February 10, 2010 at 1:18 PM In Reply to: Re: Offer on a house that is scheduled for auction posted by jaime on January 29, 2010 at 9:31 PM : "Banks dropping bids 80% of the time." This has not been my experience. It may be 20% or less of the time and if they do drop any bid it is usually at market value or higher and you still have not seen (in most cases) the interior and still will run some risk (unknown foundation problems, mold-such as in a case recently of an associate, entire interior fixtures removed etc) no matter what : with the trustee sales. Id say take the clear title, the ability to inspect and forget about the incredible hassle and headache and the severe competition of it all and chose the short sale-much better route no matter what. Only my opinion. Then...I have to ask, what is your experience? You're clueless. Go to lpsasap.com right now. Do a search of their site for those Sold over the last week. You will clearly see 80% or MORE opening bids are BELOW the NOS amount. Rather than go by your "hunch" go by the data. As I said previously, I'm NOT saying how that Opening Bid relates to current market values. That's NOT what the poster was asking about. Purely how the Opening Bid relates to the NOS amount. I'll let the data stand for itself. What data are you using? Your "experience"? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : "Banks dropping bids 80% of the time." This has not been my experience. It may be 20% or less of the time and if they do drop any bid it is usually at market value or higher and you still have not seen (in most cases) the interior and still will run some risk (unknown foundation problems, mold-such as in a case recently of an associate, entire interior fixtures removed etc) no matter what : : with the trustee sales. Id say take the clear title, the ability to inspect and forget about the incredible hassle and headache and the severe competition of it all and chose the short sale-much better route no matter what. Only my opinion. : Then...I have to ask, what is your experience? You're clueless. Go to lpsasap.com right now. Do a search of their site for those Sold over the last week. You will clearly see 80% or MORE opening bids are BELOW the NOS amount. Rather than go by your "hunch" go by the data. As I said previously, I'm NOT saying how that Opening Bid relates to current market values. That's NOT what the poster was asking about. Purely how the Opening Bid relates to the NOS amount. I'll let the data stand for itself. What data are you using? Your "experience"? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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